KSL Capital Partners, LLC, a Denver and New York private equity firm, has held the final close ot its third fund at over $2bn.
KSL Capital Partners III, L.P., which will specialize in investments in travel and leisure businesses, significantly exceeded the original target amount of $1.5bn. Investors in the Fund include public and private pensions, foundations, endowments, institutions and high net worth individuals and families.
The firm typically makes equity investments of up to $400m and includes some premier resort destinations in the USA.
In addition to Managing Directors Michael Shannon and Eric Resnick, who founded KSL in 2005, the team of the fund include Craig Henrich, Peter McDermott, Marty Newburger, Bernie Siegel, Steven Siegel and Richard Weissmann.